EA new momo retracement

MQL5 Experts

Termos de Referência

INSTRUCTIONS: EA "NEW MOMO RETRACE"

=====================

Platform MT5

Markets: forex, futures, stocks (please take into account different decimalizations)

EA shall also have the ability to be backtested in Strategy tester.

EA shall work on each market independetly (meaning multiple trades can be opened on different markets without one affecting the other)

Wherever I wrote "input" in brackets below, I need that number to be modifyable in settings menu.

Indicators used:
-Average true range 14
-Exponential moving average 20 on Close (input)
-MACD 3/10-16 *I have custom for MT4, will send it to you
-Upper and Lower Keltner channel 20/2.5 (input) *I have custom for MT4, will send it to you

ENTRY OF TRADES is only allowed in Session times so I need (input)
Session start: hh:mm (08:00)
Session end: hh:mm (17:30)
Exit can happen whenever, by the rules below, it is not time limited.


RULES FOR LONG
Initial condition: 
1. Price makes highest high in the last 30 bars
2. Price trades higher (not the same but higher) than the upper Keltner channel
3. Fast MACD line makes highest high in the last 30 bars

All these 3 conditions must be met ALL AT ONCE - at the same bar. We call this BUY SIGNAL.

Entering:

1. After Buy SIgnal, Price makes a pullback to EMA 20 (EMA value taken from one bar back that is already closed so we know exact price) where a buy limit order is executed.

Buy order is 5 lots big.

We don't know when the price will pullback so pending entry order will have to be adjusted every bar by a moving EMA obviously. 

Also, after EMA is touched the Initial conditions described above must happen again all together for new potential trade.

Trade management:

1. After a trade is entered initial sell STOP LOSS order is entered 2.5 ATR (input) away from entry price (ATR value taken from one bar back that is already closed so we know the exact value) in case trade gets stopped out.

2. This is how we will exit a long position if it moves in our favor:

a) Exit 2 lots (input) with profit at 0.8 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately reduce STOP LOSS size by 50% (input).

b) Exit another 2 lots (input) with profit at 1.6 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately MOVE STOP LOSS TO ENTRY PRICE AND also activate TRAILING STOP as described in next "c" point below, whichever is higher.

c) Use TRAILING stop for the remainding of position if it gets activated as described in point "b" above to protect profits. Trailing stop will be Lowest low of last 2 (input) bars. Trail until long trade is closed out this way.


RULES FOR SHORT
Initial condition: 
1. Price makes lowest low in the last 30 bars
2. Price trades lower (not the same but lower) than the lower Keltner channel
3. Fast MACD line makes lowest low in the last 30 bars

All these 3 conditions must be met ALL AT ONCE - at the same bar. We call this SELL SIGNAL.

Entering:

1. After SIgnal, Price makes a pullback to EMA 20 (EMA value taken from one bar back that is already closed so we know exact price) where a sell limit order is executed.

Sell order is 5 lots big.

We don't know when the price will pullback so pending entry order will have to be adjusted every bar by a moving EMA obviously. 

Also, after EMA is touched the Initial conditions described above must happen again all together for new potential trade.

Trade management:

1. After a trade is entered initial buy STOP LOSS order is entered 2.5 ATR (input) away from entry price (ATR value taken from one bar back that is already closed so we know the exact value) in case trade gets stopped out.

2. This is how we will exit a short position if it moves in our favor:

a) Exit 2 lots (input) with profit at 0.8 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately reduce STOP LOSS size by 50% (input).

b) Exit another 2 lots (input) with profit at 1.6 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately MOVE STOP LOSS TO ENTRY PRICE AND also activate TRAILING STOP as described in next "c" point below, whichever is lower.

c) Use TRAILING stop for the remainding of position if it gets activated as described in point "b" above to protect profits. Trailing stop will be Highest high of last 2 (input) bars. Trail until short trade is closed out this way.

That is all.



Respondido

1
Desenvolvedor 1
Classificação
(258)
Projetos
395
28%
Arbitragem
69
19% / 49%
Expirado
120
30%
Livre
2
Desenvolvedor 2
Classificação
(33)
Projetos
35
40%
Arbitragem
11
9% / 91%
Expirado
4
11%
Livre
3
Desenvolvedor 3
Classificação
(586)
Projetos
1049
49%
Arbitragem
39
28% / 41%
Expirado
49
5%
Livre
4
Desenvolvedor 4
Classificação
(365)
Projetos
412
36%
Arbitragem
35
26% / 57%
Expirado
63
15%
Livre
5
Desenvolvedor 5
Classificação
(1)
Projetos
1
0%
Arbitragem
1
0% / 100%
Expirado
0
Livre
Pedidos semelhantes
I have simple EA i want to modify its parameters. If you are good at modifying EAs contact me for more details. I will issue the source code then you return after finishing without changing the buy or sell conditions
the code wasn't mine, i have got it somewhere on the web, but i like the performance of the EA, so i want to use it on mt5 platform. the given code based on price movements with ladder entry concept
* Advanced level dev only, NDA required * Hi, I have a multi timeframe, multiindicator expert that requires additional features added to it. First started development 5 years ago. Upgrading with new features. To be added Entry - Add Stochastic and CCI options for trade entry to be added to existing signal options. Add config options to existing menu Bulk Exit - Master switch for close all trades based on basket
I am developing a master EA that integrates several sub-EAs. The project is complex, and the documentation is thoroughly structured, spanning 50 pages with detailed step-by-step procedures. 1st sub-EA: This EA opens trades without using indicators. Instead, it opens a new trade based on the color or status of the last candle. For instance, if the last candle was green, a new buy trade is opened. 2nd sub-EA: This EA
Good Day I would like to order a trading robot. Pairs: XAUUSD (GOLD) EUR/USD USD/JPY The robot should be trading daily with TP/SL build in, would like to have trailing and stop loss, should execute up to 5 trades (preffarable setting choice) up to 10 trades Los sizes to be choise setting, must also trade major US vews events Like:US- PPI, CPI, NFP, Sales m/m and so on Must also show/display alert when opening
Hello Guys, I need a trading bot for the MT5 to place order based on my trading strategy which is based on - >> entry based on EMA with rejection from specific levels like support and resistance area - levels and time frame i will apply into the robot manually on daily basis. also need - trailing stoploss , shift to breakeven after gaining some points. need a highly expert developer
Trade Manger EA 30+ USD
Hello Programmer! I am looking to build an EA that will place my trade and manage it. Once i have manually found my setup, I will want an EA to open the trade, set the R:R and manage it according to my specifications. please take a look at the attached to get an Idea of what I would like. I will require the source code once completed
Hello there i need someone who will create a robot that will calculate the movement between buy/sell and show where to take profit the robot should work with all currency and indices including stock
EA to send account history to web request. It should send every 5 mins or when there is an update. It then sends the json to a web request where gain, drawdown, balance, equity will be displayed
I have a full strategy based on indicator and candle based on . i would like to make it into a robot which will trade for me on a specific time and specific rules. i need a person who can do this project for me. If you have done this type of job . you are most welcome for this. Apply only if you know binary trading option and binomo trading platform well and how it works

Informações sobre o projeto

Orçamento
30 - 70 USD
IVA (22%): 6.6 - 15.4 USD
Total: 36.6 - 85.4 USD
Desenvolvedor
27 - 63 USD
Prazo
de 1 para 3 dias